Which energy stocks are good? Choose from 8 top stocks in the Thai market 2026

Many investors wonder which energy stocks are the best and most suitable for their portfolios. There are many options available, but not all are a good fit. Therefore, thorough research before investing is essential to achieve the best returns.

Differences in Energy Stocks: Smart Comparison

Before deciding which energy stocks are good, you need to understand the basics of this sector. Energy stocks are securities of companies involved in generating and distributing electricity, a business with steady and highly stable income.

Types of Energy Stocks

Energy stocks can be categorized based on their energy sources:

1. Solar Power Stocks: Companies producing electricity from solar energy, representing clean and environmentally friendly energy.

2. Hydropower Stocks: Companies using flowing water to generate electricity, suitable for areas with sufficient natural water resources.

3. Natural Gas Power Stocks: Companies producing electricity using natural gas, considered a clean and efficient energy source.

4. Nuclear Power Stocks: Companies operating in nuclear energy, which are more complex and carry higher risks.

5. Renewable Energy Stocks: Companies generating electricity from wind, biomass, and ocean waves to reduce reliance on non-renewable energy.

Framework for Considering Energy Stocks

When evaluating which energy stocks are good, consider these factors:

• Expansion Strategy: Does the company plan to expand its network, invest in joint ventures, or build new power plants?

• Industry Trends: How does domestic electricity demand impact the company’s growth?

• Government Policies: PDP and AEDP set the direction for power generation; they can benefit or disadvantage companies.

• Power Purchase Agreements (PPAs): Contract duration, revenue recognition rates, and stability.

• Financial Metrics: P/E ratio, PEG, performance, and dividend payout.

8 Top Picks: Comparing the Best Energy Stocks

Here is a comparison of 8 energy stocks listed on the Stock Exchange of Thailand:

Data source: investing.com (latest update 2026)

1. GULF – Leader in Diversified Energy

Gulf Energy Development (GULF) is a major energy producer covering various sectors: electricity, gas, renewable energy, and infrastructure. With a sustainable vision, GULF has participated in over 100 social projects last year.

• Market Cap: 795.55 billion Baht (largest in the group)
• P/E Ratio: 8.4 - 32.1 (showing valuation volatility)
• PEG: 0.04 (favorable indicator)
• Closing Price: 54.00 Baht
• Change: +1.4%

2. GPSC – Global Innovation and Sustainability

Global Power Synergy (GPSC) is a leading power producer focusing on innovation, operating in electricity, steam, and utilities with efficiency and stability on an international level.

• Market Cap: 109.26 billion Baht
• P/E Ratio: 18.7
• PEG: 0.27
• Closing Price: 38.75 Baht
• Change: 0.0%

3. RATCH – Major Private Power Producer

Ratch Group (RATCH), formerly Ratchaburi Electricity Generating Holding, is a major private power producer with a significant role in the Asia-Pacific region, supported by the Electricity Generating Authority of Thailand (EGAT), holding about 45% stake.

• Market Cap: 67.97 billion Baht
• P/E Ratio: 11.2
• PEG: 3.25
• Closing Price: 31.25 Baht
• Change: +0.8%

4. EGCO – International Energy Investor

Electricity Generating Public Company Limited (EGCO) is Thailand’s first private power producer, expanding into international markets across Asia-Pacific and North America. Focuses on energy security, carbon reduction, and balanced portfolio management.

• Market Cap: 63.44 billion Baht
• P/E Ratio: 12.4
• PEG: 0.08
• Closing Price: 120.50 Baht (highest price)
• Change: 0.0%

5. BGRIM – Multi-Dimensional Expansion

B.Grimm Power (BGRIM) operates in thermal and renewable power generation, now expanding into healthcare, lifestyle, real estate, and digital technology.

• Market Cap: 35.71 billion Baht
• P/E Ratio: 37.4
• PEG: 0.16
• Closing Price: 13.70 Baht
• Change: +1.5%

6. BPP – Global Power Producer

Banpu Power (BPP) is an international standard power producer with 41 plants/projects across Thailand, Laos, China, Japan, Vietnam, Indonesia, Australia, and the US.

• Market Cap: 34.74 billion Baht
• P/E Ratio: 17.7
• PEG: -0.74
• Closing Price: 11.40 Baht

7. BCPG – Leader in Clean Energy

BCPG focuses on clean energy investments, expanding into Energy as a Service (EaaS) to improve energy efficiency and create sustainable value, aiming to be a leader in clean energy.

• Market Cap: 24.12 billion Baht
• P/E Ratio: 81.5
• PEG: -0.96
• Closing Price: 8.05 Baht
• Change: +3.9%

8. EA – Innovation in Clean Energy

Energy Absolute (EA) operates under the concept “Energy for The Future,” developing clean energy technologies, renewable energy, batteries, and electric vehicles, with products like commercial EVs, electric boats, and charging stations.

• Market Cap: 22.58 billion Baht (smallest)
• P/E Ratio: -3.0
• PEG: 0.01
• Closing Price: 3.02 Baht
• Change: +5.6% (highest increase)

Why Invest in Energy Stocks? Why Are They Good?

Several reasons make energy stocks attractive for portfolios:

1. Stable and Reliable Income

Power plants/energy businesses often generate continuous profits because electricity is essential for manufacturing and households, providing long-term high income potential.

2. Safe Assets Amid Volatility

Energy stocks are considered defensive stocks; even during economic downturns, they maintain steady revenues and profits, making them good for risk diversification.

3. High and Consistent Dividends

Energy companies tend to pay regular dividends due to stable cash flows, creating passive income streams for investors seeking regular returns.

4. Government Support

Government backing through budgets, long-term contracts, Power Development Plans (PDP), and renewable energy development plans (AEDP) provides predictable income outlooks.

5. Global Green Energy Trends

Despite some policy shifts, the global trend toward clean energy continues, supported by subsidies, government investments, and clear policies, offering growth opportunities for energy stocks.

How to Choose Which Energy Stock to Invest In?

Choosing the right energy stock depends on your situation and goals:

For stable income seekers:
Consider GULF or GPSC, which have reasonable P/E ratios, large market caps, and good dividend histories.

For long-term growth:
RATCH or EGCO are suitable, with significant roles in national and regional power systems and clear expansion strategies.

For high-risk, high-growth investors:
EA or BCPG may appeal, focusing on innovation and clean energy, despite higher P/E ratios and volatility.

How to Start Investing in Energy Stocks: Tips and Methods

Method 1: Buying via the Thai Stock Market

1. Open a trading account with a Thai broker (e.g., Bualuang Securities, Kasikorn Securities, Maybank Kim Eng). Conditions and fees vary.

2. Use trading platforms like STREAMINGPRO or ASPEN.

3. Buy at least 100 shares.
   Example: Buying 100 GULF shares at 50 Baht each costs 5,000 Baht. If the price rises to 55 Baht, profit is 500 Baht.

Method 2: Trading CFDs with International Brokers

Besides direct Thai stock purchases, you can trade Contracts for Difference (CFD):

Advantages of CFD trading:

• Profit from both rising and falling markets
• Leverage allows smaller capital for larger gains
• Trade various assets (stocks, gold, forex, indices)

Example:
Using a broker like MiTrade, start with $50, open an account in 3 minutes, with zero spreads and commissions, and practice with a demo account of $50,000.

Summary: Which Energy Stock Is Best?

Energy stocks are arguably “safe assets” because electricity is essential for society. This makes the energy industry stable with continuous income, even during economic slowdowns.

There’s no single answer to which energy stock is best. Instead, there are 8 options suited to different investment styles and goals:

• GULF and GPSC: for stable income and dividends
• RATCH and EGCO: for long-term growth and stability
• BGRIM and BPP: for balanced portfolios
• BCPG and EA: for high-risk, high-growth opportunities in clean energy

Choosing the right energy stock depends on your risk tolerance, investment objectives, holding period, and financial situation. Conduct thorough research and consider consulting a financial advisor. All investments carry risks, so careful evaluation is essential.